Betaville

American Tower and Brookfield said to be working with Morgan Stanley on EURO 35 billion Cellnex takeover, according to OKDiario - Part 2

Perhaps OKDiario's scoop about a EURO 35 billion takeover of Cellnex was a load of codswallop after all!

According to JP Morgan scribbler Akhil Dattani, Cellnex has denied it has been approached by American Tower or its advisers.

Indeed, it would appear Dattani has done some actual journalism as tucked away within the analyst's latest note there is a line that says: "Cellnex refutes having been approached by AMT or a mandated bank"...

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American Tower Corporation and Brookfield said to be working with Morgan Stanley on EURO 35 billion Cellnex takeover, according to OKDiario

Have you ever heard of OKDiario?

Well, little old Betaville had never heard of the tiltle until it revealed today that American Tower Corporation, the US-listed telecoms infrastructure giant, and Canada's infrastructure investor Brookfield had appointed Morgan Stanley to examine a multi-billion EURO takeover bid for Cellnex, the Spanish telecoms infrastructure owner...

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Bloomberg reveals Blackstone, Florentino Perez/Actividades de Construccion y Servicios SA, Global Infrastructure Partners and Brookfield all said to consider EURO 15 billion takeover bids for Italy's Atlantia

So, it looks like rivals at Bloomberg have nailed the Atlantia scoop about the Italian airport to toll roads owner and operator.

According to the news agency there are several parties circling the business including American private equity giant Blackstone, Canadian firm Brookfield and Global Insfrastructure Partners, the specialist infrastructure fund that invested in Gatwick Airport...

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Canary Wharf owner pounces on British Land with 7pc shareholding - Part 2

One of Betaville's favourite City writers offered an interesting view on Brookfield's surprise 7pc stakebuild in FTSE 100-listed British Land: "Acerbic" Alistair Osborne, a former Telegraph colleague and chief business commentator at The Times.

So, I have pasted a link to Alistair's piece below should you have a few spare minutes to catch up on the news this weekend:..

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Canary Wharf owner pounces on British Land with 7pc shareholding

Brookfield, the Canadian property and buy-out group, has snapped up a 7.31pc shareholding in British Land, the FTSE 100-listed property giant.

The stakebuilding was announced this morning. Below is the link:

https://www.investegate.co.uk/british-land-co-plc--blnd-/rns/holding-s--in-company/202005290700032880O/..

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Brookfield exec hold talks with Intu...(on the beachside at Cannes), FT City Insider reports

Betaville reckons it is worthwhile reading the newspapers in the old fashioned way: by literally picking it up the newspaper and reading it myself from front to back.

Why? Well, you never know what type of juicy nuggets you might find tucked in away in diaries, stock market reports and nibs columns...

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